Law.com Trendspotter: Clients, Lit Funders Push Law Firms For Accountability on Origination Credit
Clients and—in at least one instance—litigation funding companies are increasingly using their considerable leverage over law firms to create incentives and accountability around origination credit, which has emerged as a key to attracting and retaining diverse attorneys.
October 21, 2021 at 01:54 PM
8 minute read
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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